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Dec 31, 2012
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won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a m
won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations...
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Dec 28, 2012
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. >> warren buffett could pay off the deficit he wanted to. but it is to be that a deal will happen after january 1. does that make any difference? >> yes, it does. i think some of all this panic is a little bit overwrought. if they don't reach a deal in the next 22 hours or so, then we go into january, and the stakes get so much higher. as you said, people will start feeling immediately the effect of those higher taxes. and that will put the pressure on the congress and president reach a deal. if they don't reach a deal on december 31, which is my prediction, i believe sometime before the end of january, they will reach a deal. but my goodness. one of the things that is frustrating is we have known this day was coming for the last two years. yet here we are, 72 hours away and we don't have a resolution. gregg: this is a contrivance that they are desperately trying to fix. our member the president said in a debate, the debate, he said that i didn't come up with this. then bob woodward came out and said, yes, you did. you know, both a top aide
. >> warren buffett could pay off the deficit he wanted to. but it is to be that a deal will happen after january 1. does that make any difference? >> yes, it does. i think some of all this panic is a little bit overwrought. if they don't reach a deal in the next 22 hours or so, then we go into january, and the stakes get so much higher. as you said, people will start feeling immediately the effect of those higher taxes. and that will put the pressure on the congress and president...
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Dec 26, 2012
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the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i don't think there's anything to that, but the reality is that if he wants to get anything done, he has two options. he either breaks the republicans on taxes, or he breaks the republicans. i read that somewhere, and i thought it was a fantastic quote. but i do think that he is going -- i don't think any of us want to see the country go off the cliff. gregg: maybe he just didn't think $16 trillion in debt is a big deal, basil? >> i think he thinks it's a big deal if we go off this cliff. we're talking about two million folks that will not get unemployment anymore, i don't think an
the president in addressing a deficit added $1.6 trillion in new spending. gregg: yeah. >> so who are we joking right now? the president has never taken the spending side of this equation seriously, which is why we don't have a deal. republicans have put their necks on the line supporting new revenues, the president's not coming through. gregg: senator barrasso said the president does want to go over the cliff, because he wants to punish republicans. is there something to that? >> i...
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Dec 27, 2012
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if, we have to do four things if we want to reduce the deficit. we have to get more revenue, we have to cut domestic spending, we have to trim and reform the health care programs in particular of medicare and medicaid and we have to cut defense. if we do all four of those things we can make significant down payment getting deficit under control. if we do some of them, the numbers are not there enough to make as much progress as we want. this is where mark and i agree. over next six to nine months we could see substantial progress towards smart fiscal policy in the country if the two parties come together. heather: we'll see what happens. thank you both very much for joining us until monday night. thank you. >> merry christmas. happy new year. [heavy breathing]. gregg: boy, remember that, video from april of 2011. monster tornado tearing through tuscaloosa, alabama, devastating the community and alberta baptist church. ever since then the church's pastor has been fighting insurers and fema and the city to try to rebuild. this month, finally some mo
if, we have to do four things if we want to reduce the deficit. we have to get more revenue, we have to cut domestic spending, we have to trim and reform the health care programs in particular of medicare and medicaid and we have to cut defense. if we do all four of those things we can make significant down payment getting deficit under control. if we do some of them, the numbers are not there enough to make as much progress as we want. this is where mark and i agree. over next six to nine...
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Dec 24, 2012
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annual federal deficits over a trillion dollars. he will not change his tune. this is about the fundamental transformation of the nation. that is why he needs all tax rates to go up because he needs to get where the real money is which is the middle class. gregg: that debt is fundamental economics. really baffling. >> right. gregg: monica, good to see you. nice column. merry christmas to you. >> merry christmas to you too. gregg: bye-bye. heather: to a fox news alert now. we just got word to expect a news conference anytime now from police in upstate new york after a gunman opened fire at four firefighters who showed up to just do their job, battle a fire that actually may have been ended up being a trap set by the shooter. police in webster, new york, outside of rochester, they say two of those firefighters were killed at scene. another two were treated at a local hospital. we're awaiting for that news conference. we'll have a live report in moments on what we may learn from police and plus the 911 calls that we got moments ago from this case. so stay tuned. >
annual federal deficits over a trillion dollars. he will not change his tune. this is about the fundamental transformation of the nation. that is why he needs all tax rates to go up because he needs to get where the real money is which is the middle class. gregg: that debt is fundamental economics. really baffling. >> right. gregg: monica, good to see you. nice column. merry christmas to you. >> merry christmas to you too. gregg: bye-bye. heather: to a fox news alert now. we just...